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Extract Resources Ltd is an
ASX/TSX ("EXT") listed company focused on evaluating and developing
the Husab Uranium Project. The project is strategically located
within Alaskite Alley, an area that hosts several world class uranium
deposits..
Its key asset is the Rossing South uranium project, where the company
has discovered a high grade JORC compliant resource of 145 Mlbs
U3O8 at a grade of 449ppm in zone 1; Zone 2 has a JORC resource
of 122 Mlbs U3O8 at a grade of 543 ppm. The high grades and proximity
to the operating Rossing mine make it an exciting discovery.
Rossing South Resources at 100ppm U3O8 cut-off
Rossing South – Well Located
Namibia is maturing into a world-class uranium mining district where
mining and exploration in the country has drawn international attention.
Namibia is serviced via a network of sealed highways connecting
its capital city Windhoek, in the central plateau region of Namibia,
with the coast at Walvis Bay, and with Botswana, Angola and South
Africa. Generally unsealed, but maintained access roads provide
regional access throughout Namibia. Power is available via local
extensions to an extensive regional electricity grid originating
in South Africa. The country is in one of the best positions to
become a future powerhouse in uranium mining, which will satisfy
a growing demand for uranium to meet the world’s future energy
needs.
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